The following transactions were completed by Emmanuel Company during the current fiscal year ended December 31: Jan. 29 Received 40% of the $18,500 balance owed by Jankovich Co., a bankrupt business, and wrote off the remainder as uncollectible. Apr. 18 Reinstated the account of Vince Karm, which had been written off in the preceding year as uncollectible. Journalized the receipt of $7,430 cash in full payment of Karm's account. Aug. 9 Wrote off the $6,470 balance owed by Golden Stallion Co., which has no assets. Nov. Dec. 7 31 31 Reinstated the account of Wiley Co., which had been written off in the preceding year as uncollectible. Journalized the receipt of $3,870 cash in full payment of the account. Wrote off the following accounts as uncollectible (one entry): Claire Moon Inc., $7,245; Jet Set Co., $5,595; Randall Distributors, $9,500; Harmonic Audio, $1,060. Based on an analysis of the $1,769,500 of accounts receivable, it was estimated that $35.390 will be uncollectible. Journalized the adjusting entry.